China United Insurance Service, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 25, 2021 at 04:02 pm
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China United Insurance Service, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 124.267 million compared to USD 95.919 million a year ago. Operating income was USD 6.390 million compared to USD 7.654 million a year ago. Net income was USD 930,113 compared to USD 3.058 million a year ago. Basic earnings per share from continuing operations was USD 0.031 compared to USD 0.101 a year ago.
China United Insurance Service, Inc. (China United) operates in Taiwan and China through its subsidiaries Action Holdings Financial Limited (AHFL) and ZLI Holdings Limited (CU Hong Kong), respectively. AHFL holds shares of Law Enterprise Co., Ltd. (Law Enterprise), a company based in Taiwan. Law Enterprise holds shares of Law Insurance Broker Co., Ltd. (Law Broker), Law Risk Management & Consultant Co., Ltd. (Law Management) and Law Insurance Agent Co., Ltd. CU Hong Kong owns Law Anhou Insurance Agency Co., Ltd. (Anhou), which provides insurance agency services in the People's Republic of China. Law Broker and Anhou markets and sells insurance products: life insurance products, and property and casualty insurance products, both focused on meeting the particular insurance needs of individuals. The insurance products that Law Broker and Anhou sell are underwritten by certain insurance companies in Taiwan and China, respectively.
CHINA UNITED INSURANCE SERVICE, INC. 